Inflation illusion and post-earnings-announcement drift

Article Abstract:

The cross-sectional implications of the inflation illusion hypothesis of the post-earnings-announcement drift are examined. The hypothesis suggests that firms whose earnings growths are positively related to inflation is undervalued, and whose earnings are negatively related to inflation is overvalued, when stock market investors fail to incorporate inflation in forecasting future earnings growth rates.

Forecasts, trends, outlooks, Scientific Research and Development Services, Development, Economic Programs-Total Govt, Administration of Economic Programs, Forecasts and trends, Economic development, Inflation (Finance), Market trend/market analysis, Inflation (Economics)

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Conservatism and cross-sectional variation in the post-earnings announcement drift

Article Abstract:

Post-earnings announcement drift (PEAD) anomaly and cross-sectional variation in the standardized unexpected earnings (SUE) autocorrelation pattern, are discussed.

United States, Corporate Profits, Analysis, Profit, Profits

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